These billionaires increased their wealth in the crisis
Since their low in late March, share prices have been on the upswing again. This will benefit small investors as well as billionaires with large share packages. The US business magazine Forbes has determined what development on the stock exchanges means for the super-rich in the world. For the 25 richest people in the world, it calculated how the recovery in the markets affected their wealth. The starting point of the observation is March 23, which marked a low in the pandemic on the New York Stock Exchange. In the two months after, the wealthiest of the richest 25 billionaires grew by around EUR 255 billion. All in all, the super-rich, whose wealth is tied to shares, have assets of $ 1.5 trillion.
None of the billionaires on the Forbes list has suffered asset losses since the reporting date. The bottom-up with the lowest growth – Walmart heirs Jim, Alice and Robert Walton – also recorded a gain of $ 3.6 billion.
These billionaires grew in wealth during the crisis
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Larry Ellison
Oracle founders Larry Ellison and Jeff Bezos ’ex-wife Mackenzie Bezos have been tied for wealth growth over the past two months. Both are up $ 10.4 billion. Ellison’s net worth is $ 66.4 billion, Bezos’s $ 47.8 billion. While Bezos benefits from its Amazon shares, the plus at Ellison can partly be attributed to its Tesla shares, which have been on the up despite some fluctuations since March.
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Bill Gates
His fortune has only grown by $ 11.9 billion in the past two months, but the title as the second richest man in the world remains Microsoft founder Bill Gates with a net worth of $ 106.5 billion. Compared to the previous year (as of May 14, 2019), his assets grew by $ 2.5 billion. Gates now owns just over one percent of the company’s shares in Microsoft.
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Bernard Arnault
Bernard Arnault is the third richest person in the world. The head of the French luxury goods group LVMH was able to defend his position through the developments of the past two months. The LVMH share has risen by 27 percent since March 23. Arnault’s net worth has increased by $ 12.8 billion in the past two months, most recently reaching $ 94.1 billion.
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Sergey Brin
Google co-founder Sergey Brin did not benefit as much from the development of the Alphabet share as his long-time partner Larry Page. His fortune has grown by $ 13.7 billion in the past two months. It currently amounts to $ 61.3 billion. According to Forbes, Brin is the ninth richest person in the world.
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Steve Ballmer
As early as April, Bloomberg included former Microsoft CEO Steve Ballmer among the five super-rich, whose wealth had grown the most compared to the previous year. Since then, it has continued to grow – by $ 14 billion. It now stands at $ 65.4 billion.
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Larry Page
Google co-founder Larry Page can look back on an increase of $ 14.2 billion over the past two months. His net worth at the end of May was $ 63.6 billion. The reason for the growth is the development of the Alphabet share. Despite growth, the Google mother had fallen short of expectations in recent weeks. After the low on March 23 to May 22, the Group share rose by almost a quarter.
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Colin Zheng Huang
If the wealth growth of the past two months were the highest percentage, he would top the list: Pinduoduo boss and founder Colin Zheng Huang. His fortune has grown by $ 17.9 billion since March 23, more than doubling. Among the richest Chinese billionaires, Colin Huang moved from eighth to third with $ 35.6 billion in assets.
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Mukesh Ambani
In third place in the largest wealth growth since March 23 is Asia’s richest man, Reliance CEO Mukesh Ambani. His net worth grew by $ 19.9 billion to $ 52.7 billion. The reason was investments in the Reliance subsidiary, the telecommunications provider Jio, worth $ 10 billion in the past month. Among the investors are Facebook and the private equity fund KKR.
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Jeff Bezos
The second largest asset increase was made by Amazon boss Jeff Bezos. On May 22, it was $ 146.9 billion, an increase of more than a quarter since the end of March. Amazon stock has also grown 29 percent since March 23. In figures, Bezos ’net worth is $ 29.9 billion. Dollar. The ranking of the richest people in the world continues to top the Amazon boss.
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Mark Zuckerberg
Facebook CEO Mark Zuckerberg had the biggest asset gain in the past two months. Since the end of March, his wealth has increased by $ 31.4 billion to $ 86.5 billion. This places Zuckerberg at Forbes in fourth place among the richest people in the world. At the beginning of April, the Facebook CEO was still in seventh place. The Facebook share has increased by almost 60 percent since the end of March.
